How To Fix FC402 - Specify a chart of accounts that does not already exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 402

• Message text: Specify a chart of accounts that does not already exist

What causes this issue?

You have specified &V1& as the target chart of accounts. This chart of
accounts already exists.
You can only copy to an existing chart of accounts if you have not
selected the "Accounts in chart of accounts" option.

How to fix this error?

Check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC402 - Specify a chart of accounts that does not already exist ?

  The SAP error message FC402, which states "Specify a chart of accounts that does not already exist," typically occurs when you are trying to create a new chart of accounts (CoA) in the SAP system, but the CoA you are attempting to create already exists in the system.
  Cause:
  
  Duplicate Entry: The most common cause of this error is that the chart of accounts you are trying to create has the same identifier (code) as an existing chart of accounts in the system.
  Incorrect Configuration: There may be a misunderstanding or misconfiguration in the settings where the system is not recognizing the intended new CoA due to naming conventions or other settings.
  
  Solution:
  
  
  Check Existing Charts of Accounts:
  
  Go to the transaction code OB13 (or use the menu path: Financial Accounting > General Ledger > Master Records > G/L Accounts > Chart of Accounts > Edit Chart of Accounts).
  Review the list of existing charts of accounts to see if the one you are trying to create already exists.
  
  
  
  Use a Unique Identifier:
  
  If the CoA you are trying to create already exists, you will need to choose a different identifier (code) for your new chart of accounts that does not conflict with existing ones.
  
  
  
  Review Configuration:
  
  Ensure that you are following the correct steps for creating a chart of accounts. Refer to the SAP documentation or your organization's guidelines for creating a new CoA.
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If you are unsure about the existing charts of accounts or need further assistance, consult with your SAP Basis or functional team. They can help you navigate the system and ensure that you are not duplicating existing entries.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB13: To display or create charts of accounts.
  OBD4: To assign a chart of accounts to a company code.
  
  
  
  Documentation: Review SAP Help documentation for detailed steps on creating and managing charts of accounts.
  
  
  User Permissions: Ensure that you have the necessary permissions to create or modify charts of accounts in the SAP system.
  
  
  By following these steps, you should be able to resolve the FC402 error and successfully create or manage your chart of accounts in SAP.